meta_id 3030197

On April 2 2026, the Australian Securities and Investments Commission (ASIC) remade ASIC Corporations (Non-Cash Payment Facilities) Instrument 2026/167 , extending relief previously provided under ASIC Corporations (Non-Cash Payment Facilities) Instrument 2016/211 . The new instrument extends exemptions for low-risk non-cash payment facilities from aspects of the financial services licensing regime under the Corporations Act 2001 until April 2031. ASIC assessed that the previous instrument was operating effectively and efficiently and determined it remained a necessary and useful part of the legislative framework. The remake includes technical updates but does not alter the operation of the relief. The instrument provides exemptions for: Travellers' cheques, which are exempt from transaction confirmation requirements. Loyalty schemes and road toll facilities, which are not subject to financial services laws. Prepaid mobile facilities and some non-reloadable gift facilities, which are exempt from licensing, conduct, and disclosure obligations. Low-value non-cash payment products, which are also exempt from licensing, conduct, and disclosure obligations. Additionally, relief is provided so that Australian Financial Services (AFS) licensees who provide advice about or arrange payment services do not require additional authorisation on their AFS licence. The instrument will be revisited once the government's payments licensing reforms, designed to modernise the regulatory framework for payment service providers, take effect. The remake ensures continued regulatory relief for these low-risk payment facilities during the transition period. Low-value non-cash payment products, which are also exempt from licensing, conduct, and disclosure obligations. Additionally, relief is provided so that Australian Financial Services (AFS) licensees who provide advice about or arrange payment services do not require additional authorisation on their AFS licence. The instrument will be revisited once the government's payments licensing reforms, designed to modernise the regulatory framework for payment service providers, take effect. The remake ensures continued regulatory relief for these low-risk payment facilities during the transition period.